Prudent Corporate to acquire Indus Capital's mutual fund business

Prudent Corporate Advisory Services Ltd. announced on September 8, 2025, that its board of directors approved the acquisition of Indus Capital’s Mutual Fund Distribution (MFD) business. The acquisition, conducted as a going concern on a slump sale basis, involves a Business Transfer Agreement (BTA) with Sanjay Sanghvi, proprietor of Indus Capital. This move aims to strengthen Prudent Corporate's MFD vertical, expand its customer base, and enhance its Assets Under Management (AUM), contributing to overall business growth.

The transaction encompasses the transfer of Indus Capital's entire MFD business, including AUM of ₹2,030 crore as of August 30, 2025. This includes all related contracts, receivables, employees, rights, obligations, and liabilities. The aggregate consideration payable to the seller under the BTA, comprising both initial and contingent components, will total ₹123.75 crore.

The acquisition is not a related party transaction. The board meeting which approved this strategic move commenced at 01:00 PM and concluded at 02:10 PM on September 8, 2025.